| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,506,403,307 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
defeasance |
Also found in: Dictionary/thesaurus, Legal, Wikipedia | 0.03 sec. |
|
Defeasance The setting aside by a borrower of cash or bonds sufficient to service the borrower's debt. Both the borrower's debt and the offsetting cash or bonds are removed from the balance sheet. In securities trading, where a clearing house becomes counterparty to each side of a trade, after the trade has been agreed. This is necessary to facilitate netting, and reduce counterparty risk exposure. The term has become popular recently, because of the growth of central counterparty clearing services in European cash equities markets.
How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
Howard Levine, president/CEO of ARCS Commercial Mortgage, announced the creation of a strategic relationship between ARCS and Commercial Defeasance, LLC, America's leading facilitator of commercial real estate defeasances. Examples of transactions affected include securitizations, repurchase agreements, loan participations, sales of receivables with recourse, servicing of mortgages and other assets, pledges of collateral and defeasances. is the market leader in commercial loan defeasances. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|